Aviat Networks, Inc. (NASDAQ:AVNW) Short Interest Up 13.3% in January

Aviat Networks, Inc. (NASDAQ:AVNW) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 765,200 shares, a growth of 13.3% from the January 15th total of 675,200 shares. Based on an average trading volume of 255,000 shares, the short-interest ratio is currently 3.0 days.

Analysts Set New Price Targets

Several analysts recently weighed in on AVNW shares. StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Roth Mkm reduced their price objective on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Northland Securities reissued an “outperform” rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. Finally, Lake Street Capital decreased their price target on Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.60.

Aviat Networks Price Performance

AVNW stock traded down $0.28 on Friday, hitting $22.16. 140,597 shares of the company’s stock traded hands, compared to its average volume of 208,419. Aviat Networks has a 1-year low of $12.95 and a 1-year high of $38.85. The stock has a market cap of $280.99 million, a price-to-earnings ratio of -110.79 and a beta of 1.68. The stock has a fifty day moving average of $19.15 and a 200-day moving average of $20.94. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. On average, analysts forecast that Aviat Networks will post 0.63 EPS for the current fiscal year.

Institutional Trading of Aviat Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in shares of Aviat Networks during the fourth quarter valued at $34,000. NBC Securities Inc. purchased a new position in shares of Aviat Networks during the third quarter valued at $62,000. Aquatic Capital Management LLC purchased a new position in shares of Aviat Networks during the fourth quarter valued at $106,000. AlphaQuest LLC purchased a new position in shares of Aviat Networks during the fourth quarter valued at $133,000. Finally, Quantbot Technologies LP purchased a new position in shares of Aviat Networks during the fourth quarter valued at $156,000. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Company Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.